1601 HOLLYWOOD AVE N E MINNEAPOLIS MN 55418

PID: 0102924120045

Property Overview

Parcel ID0102924120045

Lot Size8,078 sq ft (0.185 ac)

Lot Dimensions (est.)80 ft wide × 101 ft deep

Year Built1954

Property ClassRESIDENTIAL

OwnerTIMOTHY J RITTER

Assessed Value$272,600

Land Value$115,000

Building Value$157,600

Annual Tax$3,911

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

2 permits on record since 2017 · Most recent: Feb 2023 (existres)

ExistresFeb 2023Closed

BONFES PLUMBING HEATING AND AIR SERVICE INC

ResJan 2017Closed

CENTERPOINT ENERGY

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Waite Park · Minneapolis

Median reported rent1,569/mo

Renter-occupied8.5%

Median home value$294K

Vacancy rate1.5%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 6.03

Market Snapshot

Zip code 55418

Median sale price$345K-3.1% YoY

Median price / sqft$222/sqft

Median days to close36 days

Active listings42

Source: Redfin Data Center (Invalid Date) · Zip 55418

Zoning

RM1Residence Goods and Services

Residential Mixed-Use 1 — low-density mixed residential

Typical Uses

·Apartments
·Townhomes
·Neighborhood-scale retail on ground floor

Max Height45 ft

Development Potential

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)10 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width65 ft

Buildable depth61 ft

Area~3,982 sqft

Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.

Development Feasibility

Likely Infeasible

Back-of-envelope estimate based on 3-story wood frame (5–12 units) benchmarks for 3,982 sqft buildable area.

Est. units

Yield on cost

4.3%

Spread

-1.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1607 HOLLYWOOD AVE N E MINNEAPOLIS MN 55418	SCOTT J CORDES	RESIDENTIAL	$329,700	81 ft
3647 JOHNSON ST N E MINNEAPOLIS MN 55418	JOHN M PASCOE	RESIDENTIAL	$398,300	96 ft
1613 HOLLYWOOD AVE N E MINNEAPOLIS MN 55418	JANETH J VERDUGO SANANGO	RESIDENTIAL	$330,900	135 ft
3644 JOHNSON ST N E MINNEAPOLIS MN 55418	MICHAEL D WODARCK ET AL	RESIDENTIAL	$324,100	170 ft
3640 JOHNSON ST N E MINNEAPOLIS MN 55418	MARY S HILL & LARRY F HILL	RESIDENTIAL	$384,200	170 ft
1600 HOLLYWOOD AVE N E MINNEAPOLIS MN 55418	SAIFUL ISLAM & TAHIRA SAIF	RESIDENTIAL	$359,800	177 ft
3648 JOHNSON ST N E MINNEAPOLIS MN 55418	C A JOHNSON & M J REED	RESIDENTIAL	$298,300	185 ft
3636 JOHNSON ST N E MINNEAPOLIS MN 55418	N KHECHOK & N TSOCHUNG	RESIDENTIAL	$296,600	186 ft
1619 HOLLYWOOD AVE N E MINNEAPOLIS MN 55418	TIMOTHY A HOGETVEDT	RESIDENTIAL	$314,100	193 ft
1606 HOLLYWOOD AVE N E MINNEAPOLIS MN 55418	CARA BENSON	RESIDENTIAL	$265,900	196 ft

Property History

Most Recent Sale

Date199402

Price$60,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$3,911